This is an Important Price For Bitcoin
Amid a tumultuous 2018, bitcoin, the largest cryptocurrency by market capitalization, continues fighting to stay above key technical levels while eyeing critical upside targets. Bitcoin’s all-time high of around $20,000 was seen in December 2017 and the digital currency has not even been close to flirting with those levels this year. Some market observers believe a return to $10,000 anytime soon will be challenging. “Bitcoin has pulled back from 17-days highs clocked over the weekend and risks losing bullish bias if prices close below $6,600, technical studies indicate,” reports Coindesk. “It's worth noting that the cryptocurrency found takers below that level on Saturday. So, the bears may want to see back-to-back UTC closes below $6,000 before jumping the gun.”. Some market observers believe bitcoin can rally into year-end, but that $8,500 might be the highest price achieved before the start of 2019.